Multi-asset trading and investment specialist Saxo is now providing M&G Wealth &me app customers with access to mutual fund portfolios, through its partnership with digital wealth manager Moneyfarm.
Moneyfarm developed the investment app for M&G Wealth. The app was launched in January.
Saxo, which is the custodian bank for Moneyfarm, provides technological infrastructure that allows customers to gain access to global capital markets.
Investors now have access to actively managed funds, investing in equities, bonds and alternatives, from investment managers such as Wellington, Federated Hermes and First Sentier.
Christine Kiener, head of institutional sales at Saxo UK, said: “Over the past eight years, we’ve built a strong and successful partnership with Moneyfarm. We were delighted to support Moneyfarm in the launch of their new proposition, delivering mutual fund portfolios to M&G Wealth &me customers.”
Giovanni Dapra, chief executive at Moneyfarm, said: “Our ongoing partnership with Saxo combines the scale and experience of an established player with the nimble and innovative nature of a digital fintech business. We were excited to partner with Saxo on this project and were delighted by the speed and efficiency of delivery.”
This comes a year after M&G acquired a minority stake in digital wealth manager Moneyfarm.
This story was written by Fiona Nicholson for our sister title, International Adviser.
